Over 21 trillion VND (913 million USD) is needed to supply electricity to most rural households currently without access, heard a consultation conference in Hanoi on December 18 to pool investment for power supply projects in rural, mountainous, and island areas in the 2021-2025 period.
Japan and Myanmar on November 8 signed low-interest loans worth a total of 42.78 billion JPY (414 million USD) to help the Southeast Asian country build road infrastructure and finance small- and medium-sized enterprises (SMEs).
Authorities in the central city of Da Nang have approved an investment proposal by Fujikin Incorporated from Japan for an R&D centre at Da Nang High-Tech Park worth a total of 35 million USD.
The northern province of Phu Tho is emerging as an attractive destination for both local and foreign investors thanks to its uniform infrastructure, open policies, and safe business climate.
Banks are pushing the sale of life insurance products (bancassurance) in the context of low credit growth since the beginning of this year due to the impacts of the COVID-19 pandemic.
The US Department of State has extended congratulations and highlighted major achievements in the cooperation with Vietnam on the occasion of the ongoing 53rd ASEAN Foreign Ministers’ Meeting (AMM-53) and related meetings hosted by Vietnam, and the 25th anniversary of bilateral ties.
Experts have suggested a review is needed of Vietnam’s testing strategy, in particular stepping up antigen testing, to match the developments of the COVID-19 epidemic in the country.
Vietnam-US relations now and 25 years ago are “like night and day” and will continue to flourish in the future, according to the first Vietnamese Ambassador to the US, Le Van Bang.
Many foreign investors are looking to move their production base to Thailand, according to Kriangkrai Thianukul, vice president of the Federation of Thai Industries (FTI).
The Asian Development Bank (ADB) said on May 26 that it has approved a 400 million USD loan to support the Philippine government's efforts to strengthen domestic capital markets and reach its development goals of high, sustained economic growth and poverty reduction.
The number of foreign tourists visiting Indonesia sharply fell by 64.11 percent year on year to 470,898 in March, as the coronavirus disease (COVID-19) pandemic has hindered holidaymakers from traveling, the Indonesian National Agency of Statistics (BPS) announced on May 4.
The Ministry of Finance forecast a budget overspending at 5-5.1 percent of gross domestic product (GDP) this year, about 1.5-1.6 percentage points higher than the Government’s plan due to the impacts of the COVID-19 pandemic.
The Indonesian tourism sector has suffered losses of at least 1.5 billion USD since January amid growing fears over the COVID-19, said Chairman of the Indonesia Hotel and Restaurant Association (PHRI) Hariyadi B. Sukamdani.
The Cambodian Government will postpone all its construction projects in a bid to earmark the budget for fighting the possible COVID-19 outbreak, Prime Minister Hun Sen said on March 4.
Local wood processing enterprises need to expand supply chains with a focus on seeking suppliers from domestic and overseas markets to ease disruptions from China due to the novel coronavirus SARS-CoV-2 outbreak, experts have said.
Following the outbreak of the acute respiratory disease caused by a novel coronavirus (COVID-19) earlier this year, Chinese consumers may change their eating habits, and shift to intensively processed products, especially seafood, according to market watchers.
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